Donna Fabiani, Terry F. Buss's Reengineering Community Development for the 21st Century PDF

This well timed publication takes a wide-angled examine how the sphere of group improvement is evolving in an period of decreased assets, altering priorities, privatization, festival, and function administration on the federal, kingdom, and native govt degrees, in addition to for non-profits and personal zone entities. It exhibits how neighborhood improvement businesses and courses are providing many new companies, getting into new partnerships, constructing large networks, and attracting new and substitute resources of investment - and the way, within the technique, those firms have gotten extra cutting edge, leaner of their operations, extra aggressive, and lots more and plenty greater than ever before.Students, researchers, and policy-makers will all relish the varied coverage examples from the neighborhood, kingdom, and federal degrees, together with quite a lot of advancements in housing, transportation, clever progress, schooling, and crime prevention. "Reengineering neighborhood improvement for the twenty first Century" is a useful resource for insights into the most recent advancements in neighborhood improvement financing and function administration.

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Extra resources for Reengineering Community Development for the 21st Century (Transformational Trends in Governance & Democracy)

Example text

They hired former bank ofﬁcials as chief ﬁnancial and lending ofﬁcers. Among the organizations in our study, ability to deploy community development assets in a prudent way is another reason they have attracted mainstream ﬁnancial institution support. When ﬁnancial institutions supported CDFIs in the mid-1990s, they tended to see these relationships more as philanthropic gestures than proﬁt-making ventures. Now, mainstream institutions impose gradations of performance screens on community development.

It then discusses the historic sources of subsidized capital and why they have shrunk, reviews potential new and underutilized sources of capital as well as the organizational ways that CDLFs and CDVCs are responding to their changed environment, and concludes with recommendations for policymakers and funders. The chapter is based on interviews with CDLF and CDVC staffs, foundation and bank ofﬁcers, and policymakers involved with the ﬁeld. It also is based on documents from individual CDLF and CDVC institutions, on contemporary press accounts, and on organizational-level data from the CDFI Data Project (CDP).

LIIF provides an example of this type of arrangement. Within the past few years, LIIF determined it could realize its goal of increasing its lending capacity more efﬁciently by lending funds of other entities that it need not control directly. LIIF originates and services loans for mainstream ﬁnancial institutions, which are held on the books of the mainstream institutions. For example, LIIF originates and underwrites charter school loans for Royal Bank of Canada, one of the most active banks in the California charter school ﬁnancing market.